JBIC established an export credit line with Banco Centroamericano de Integración Económica (BCIE) to provide funds for local companies in Central America to purchase general machinery and equipment, renewable-energy-related facility*1, climate change mitigation facility*2, and equipment connected with the water sector from Japanese companies. Countries in Central America have been adopting a range of measures to facilitate the sustainable development of regional economies, and this is expected to lead to greater capital investment opportunities. This credit line, through BCIE, will support the export of Japanese machinery and equipment to Central America, and thereby contribute to maintaining and strengthening the international competitiveness of Japanese industries.
- *1They include those for geothermal power, wind power, biomass power, solar photovoltaic and solar thermal generation.
- *2They include those for thermal power plants with CCS facilities, CCS projects, waste to energy projects, hybrid power plants, combined heat & power projects, district heating and/or cooling related projects. CCS is a technology that separates, captures, and stores carbon dioxide, a major culprit of greenhouse gases, in deep sea beds or underground geological formations.